Arrange the following in correct sequence, to correct the problem of mismatch between supply and demand forces:

(A) There is excess demand in the market.

(B) All other things remain the same as price rises, quantity demanded falls and quantity supplied increases.

(C) Some consumers who are either unable to obtain the commodity at all or obtain it in insufficient quantity will be willing to pay more than the prevailing prices.

(D) The market moves towards the point where the quantity that the firms want to sell is equal to the quantity that the consumers want to buy.

Choose the correct answer from the options given below:

Option 1 -> Starts with excess demand (A) but places the market mechanism (B) before consumers' willingness to pay more (C), which is illogical.

Option 2 -> Correctly sequences: excess demand (A) → consumers willing to pay more (C) → price adjustment mechanism (B) → equilibrium (D).

Option 3 -> Incorrectly starts with the adjustment mechanism (B) before identifying the problem of excess demand (A).

Option 4 -> Begins with consumers' willingness to pay (C) without first establishing that excess demand exists (A).

Hence, Option 2: (A), (C), (B), (D) -> The correct sequence follows economic logic: First, excess demand exists in the market (A). This creates a shortage where some consumers cannot obtain the commodity and are willing to pay higher prices (C). This willingness triggers the price mechanism where rising prices cause quantity demanded to fall and quantity supplied to increase (B). Finally, this adjustment process continues until market equilibrium is achieved where quantity demanded equals quantity supplied (D). This represents the natural market correction mechanism for excess demand. -> correct